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Beijing, Seoul agree to direct trade in national currencies
Beijing promotes greater use of its currency overseas
BRICS morphing into anti-dollar alliance
establish an international alliance of countries willing to get rid of the dollar in international trade and refrain from using dollars in their currency reserves
Russian-led 'gas OPEC' may emerge soon
Central banks' investment in yuan puts currency nearer reserve status
At least 40 central banks have invested in the yuan and several others are preparing to do so, putting the mainland currency on the path to reserve status even before full convertibility
Sources:
http://voiceofrussia.com/news/2014_07_04/Beijing-Seoul-agree-to-direct-trade-in-national-currencies-4477/
http://voiceofrussia.com/2014_07_03/BRICS-is-morphing-into-an-anti-dollar-alliance-6229/
http://voiceofrussia.com/2014_05_07/Russian-led-gas-OPEC-may-emerge-soon-4451/
http://www.zerohedge.com/news/2014-04-08/40-central-banks-are-betting-will-be-next-reserve-currency
http://www.scmp.com/business/banking-finance/article/1466621/central-banks-investment-yuan-puts-currency-nearer-reserve

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Sources:
China has cut its holdings of U.S. Treasuries this month to raise dollars needed to support the yuan in the wake of a shock devaluation two weeks ago, according to people familiar with the matter.
Channels for such transactions include China selling directly, as well as through agents in Belgium and Switzerland, said one of the people, who declined to be identified as the information isn’t public. China has communicated with U.S. authorities about the sales, said another person. They didn’t reveal the size of the disposals.
The People’s Bank of China has been offloading dollars and buying yuan to support the exchange rate, a policy that’s contributed to a $315 billion drop in its foreign-exchange reserves over the last 12 months. The $3.65 trillion stockpile will fall by some $40 billion a month in the remainder of 2015 because of the intervention, according to the median estimate in a Bloomberg survey.
http://www.bloomberg.com/news/articles/2015-08-27/china-said-to-sell-treasuries-as-dollars-needed-for-yuan-support

Where the TRUTH is EXPOSED and SCANDALS UNCOVERED:
http://truth.themoneygps.com
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The Money GPS by David Quintieri featuring Bob Chapman, James Turk, and David Morgan.
Look Inside the Book!: http://book.themoneygps.com
My Free eBooks:
FLUORIDE: http://fluoride.themoneygps.com
GMO: http://gmo.themoneygps.com
VACCINES: http://vaccines.themoneygps.com
Join The Money GPS Insiders:
http://themoneygps.com
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BRICS create development bank, 'mini-IMF'
The BRICS group of emerging powers created a Shanghai-based development bank and a reserve fund seen as alternatives to Western-led institutions.
BRICS Agree on $50 Billion Bank
BRICS countries are building a "new Internet" hidden from NSA
The 2013 BRICS Summit, under the theme "BRICS and AFRICA: Partnership for Development, Integration and Industrialisation",
The organization, which groups Brazil, Russia, India, China and South Africa
Sources:
http://news.yahoo.com/brics-create-development-bank-mini-imf-064432379--finance.html;_ylt=AwrBEiSHWcVTvn0AiJjQtDMD
http://www.bloomberg.com/news/2014-07-15/brics-leaders-reach-agreement-on-50-billion-development-bank.html
http://www.chinadaily.com.cn/china/att/site1/20130327/002170196e1c12bc70f519.pdf
http://voiceofrussia.com/2013_10_28/BRICS-countries-are-building-a-new-Internet-hidden-from-NSA-7157/

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Sources:
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In This Episode:
There is no shortage of bad news. That’s for sure. Every day the government is responsible for creating this mess we are in. But why not take the other side of the equation and look at the bright side of all of this?
fed federal reserve economy economic financial finance cash currency credit debt US dollar

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